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 Interactive Brokers (IBKR), IBKR users, welcome!

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melvinfoo_
post Apr 2 2020, 07:54 PM

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QUOTE(moosset @ Apr 2 2020, 05:45 PM)

If IBKR UK, then yes. Otherwise, it probably won't work.

I also have an IBKR acc, but not activated. Tried many times to connect to TSG, only to realise it doesn't work.
live data?
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I think probably Aus side. anyway still waiting their approval, just submitted my applications and documents, except bank in.

thanks for the replies guys.
madman.com
post Apr 2 2020, 09:33 PM

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QUOTE(Yggdrasil @ Apr 2 2020, 05:21 PM)
Should have futures and CFDs.
I don't subscribe. You can use MarketWatch to view live prices then key in your limit order.
You can move your IBKR to TradeStation Global. Instructions are on TradeStation Global website.
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If i dont subscribe market data package for the instruments i wish to trade, ibkr dont allow me to open trade.

U can move your ibkr acc to tradestation IF your ibkr is not IBKR LLC.
Yggdrasil
post Apr 2 2020, 09:36 PM

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QUOTE(madman.com @ Apr 2 2020, 09:33 PM)
If i dont subscribe market data package for the instruments i wish to trade, ibkr dont allow me to open trade.

U can move your ibkr acc to tradestation IF your ibkr is not IBKR LLC.
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You can still trade. Just say you understand the risk.
Use limit order.
lamcouz
post Apr 2 2020, 09:37 PM

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QUOTE(moosset @ Apr 1 2020, 07:54 PM)
transfer from CIMB clicks .........

» Click to show Spoiler - click again to hide... «

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I deposited 1k SGD to cimb sg but no trigger on creating clicks account..any clue how long it took?
TSmoosset
post Apr 2 2020, 10:17 PM

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QUOTE(lamcouz @ Apr 2 2020, 09:37 PM)
I deposited 1k SGD to cimb sg but no trigger on creating clicks account..any clue how long it took?
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Send them an email AtYourService@cimb.com

some ppl are automatic. Some ppl like me have to email them.... then they will try to call you.
TSmoosset
post Apr 2 2020, 10:19 PM

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QUOTE(madman.com @ Apr 2 2020, 09:33 PM)
If i dont subscribe market data package for the instruments i wish to trade, ibkr dont allow me to open trade.

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Can trade!

Most of us here want to save money by NOT subscribing to market data.

echoesian
post Apr 3 2020, 01:30 AM

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QUOTE(Ramjade @ Apr 1 2020, 11:16 PM)
Depends on you.
If you like paying more per exchange of currency,  pay dividend fees and pay quarterly platform fees why not?

I don't like to give banks free money hence they will never earn my money.
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I was comparing my brokerage charges and the IKBR + Instarem. My brokerage charges USD24 + some miscellaneous. Instarem forex fees is around RM90++.
melvinfoo_
post Apr 3 2020, 02:30 AM

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I found the link at Tradestation int on IB migrations.

user posted image

then I follow the steps until I bump into one error

user posted image

so I go into the settings and found this which Im not sure should I "uncheck" it? or which options should I enable / disable?

user posted image


I actually wrote an email to them( Tradestation) , end up the US office replying me but they seems not so helpful on this, ask me to check with IB, which I have online chat with IB, they throw the ball to TDS doh.gif

my IB account just got approved, so I'm not sure those settings will do any harm or not.. hahaha blink.gif
erizdagreat
post Apr 3 2020, 03:00 AM

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QUOTE(madman.com @ Apr 2 2020, 04:21 PM)
guys mind to share what market data you all subscribe for trading US shares?
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These are the market data subscriptions i currently have.

user posted image

Yes, you can find live prices for free from other sources/websites for stocks. But you would be hard pressed to find it for options. Plus, you can't get live market depth information from free sources.

And I think its cheap at $14.50 a month, so why not?

This post has been edited by erizdagreat: Apr 3 2020, 03:00 AM
David900924
post Apr 3 2020, 07:21 AM

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hi guys, i just register IB, and will be using stockstotrade platform to do shorting. May I know which fintech site u guys use to deposit USD to IB? and how about withdrawal?

I have transferwise, dont have SGD bank. please share your options for Malaysian.
erizdagreat
post Apr 3 2020, 07:30 AM

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QUOTE(David900924 @ Apr 3 2020, 07:21 AM)
hi guys, i just register IB, and will be using stockstotrade platform to do shorting. May I know which fintech site u guys use to deposit USD to IB? and how about withdrawal?

I have transferwise, dont have SGD bank. please share your options for Malaysian.
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Go read the previous posts in this thread, David. Your questions have been asked and answered already. Don't be lazy, noob.
David900924
post Apr 3 2020, 08:46 AM

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QUOTE(moosset @ Feb 23 2020, 11:53 PM)
meaning, IBKR can accept SGD, HKD, EUR, just not USD, from InstraRem, Transferwise.

you actually don't need a S'porean bank acc.
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sifu, i hav TW borderless account of USD, EURO and NZD. may I know where u can check if IBKR can accept NZD and GBP.

https://transferwise.com/gb/swift-codes/IBKRUS33XXX
this above link, is it mean we can also withdraw fund to our transferwise but not in USD?

Please share ur experience using TW on deposit and withdraw, like how many hours or days.
Ramjade
post Apr 3 2020, 09:14 AM

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QUOTE(echoesian @ Apr 3 2020, 01:30 AM)
I was comparing my brokerage charges and the IKBR + Instarem. My brokerage charges USD24 + some miscellaneous. Instarem forex fees is around RM90++.
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For IB, transactions cost only like USD2.
Not to mention no quarters platform fees which Malaysian brokers will charged certain percentage. Every broker different so you need to find out how much your broker charging you.

Erregaeding the fees for instarem, don't look at at it.
Use xe.com
Check the amount you will received for say usd5k
Then check back with the bank if you want to use bank. Personally I never use bank to transfer money. Why pay more?
Even with the fees calculated, I will still get cheaper than what bank charged me.
dkzk86
post Apr 3 2020, 11:14 AM

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QUOTE(erizdagreat @ Apr 3 2020, 03:00 AM)
These are the market data subscriptions i currently have.

user posted image

Yes, you can find live prices for free from other sources/websites for stocks. But you would be hard pressed to find it for options. Plus, you can't get live market depth information from free sources.

And I think its cheap at $14.50 a month, so why not?
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I have the same subscription. It's especially useful if you trade options. They waive the USD 10 fee the following month if your monthly comm is USD30 and above.
TSmoosset
post Apr 3 2020, 12:05 PM

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For newbies, just login to the website (and later also go to the platform), click on every button that you see. You'll discover a lot of features.
Just don't simply BUY anything.

QUOTE(David900924 @ Apr 3 2020, 08:46 AM)
sifu, i hav TW borderless account of USD, EURO and NZD. may I know where u can check if IBKR can accept NZD and GBP.

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Log in on the website. Click "transfer fund" and select your currency. Instructions will be there. Again, this is something easily discovered if you just login to the website.

All these internationally traded currencies like AUD, NZD, GBP etc, definitely no problem lah.... laugh.gif
Just don't expect them to accept MYR!! (with all due respect to myr)


QUOTE(David900924 @ Apr 3 2020, 08:46 AM)
https://transferwise.com/gb/swift-codes/IBKRUS33XXX
this above link, is it mean we can also withdraw fund to our transferwise but not in USD?

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so far, no one has shared their experience regarding this. You may try it and let us know.
I think it would work for USD withdrawal, but I haven't tried it yet.
TSmoosset
post Apr 3 2020, 12:05 PM

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QUOTE(dkzk86 @ Apr 3 2020, 11:14 AM)
I have the same subscription. It's especially useful if you trade options. They waive the USD 10 fee the following month if your monthly comm is USD30 and above.
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if I don't trade options / futures, just NYSE and Nasdaq, which subscription should I get?
TSmoosset
post Apr 3 2020, 12:07 PM

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QUOTE(David900924 @ Apr 3 2020, 07:21 AM)
May I know which fintech site u guys use to deposit USD to IB?
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Check first post.
Ramjade
post Apr 3 2020, 12:18 PM

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QUOTE(moosset @ Apr 3 2020, 12:05 PM)
if I don't trade options / futures, just NYSE and Nasdaq, which subscription should I get?
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No need. Use yahoo finance/market watch/investing.com. All free data.
erizdagreat
post Apr 3 2020, 02:08 PM

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It feels like the difference between how Ramjade and I manage our IBKR accounts can be summarised as follows:

1. Ramjade tries to minimize/eliminate all his costs, incurring some inconvenience along the way.
2. I go for convenience, incurring cost while I'm at it.

Interesting. Newbies would probably be better off somewhere in the middle.
ozak
post Apr 3 2020, 02:10 PM

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Can I ask how you guys TT money online at almost RM50k amount?

I try to transfer RM49k, but error "exceeds limit" ?

But inside instruction said RM1-RM49,999 limit.

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